Besides, the revised pay package will cover teachers of 119 Centrally-funded technical institutions including IITs, IISc, Indian Institutes of Management (IIMs), Indian Institutes of Science and Research (IISERs), Indian Institutes of Information Technology (IIITs), he added.
States will get the Centre's support and all the benefits will be paid from January 1, 2016.
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The approval of this pay revision by the cabinet under the chairmanship of PM Modi will enhance the teachers' pay in the range of Rs. 10,400 and Rs. 49,800.
In a major Diwali bonanza for over seven lakh university and college teachers, the government today announced that they will be getting the benefits of the Seventh Pay Commission.
Mr Javadekar said the pay hike cleared by the cabinet was in the range of 22 to 28 per cent, depending on the seniority of the faculty members.
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The measures proposed in the revised pay structure are expected to improve quality of higher education and also attract and retain talent.
For the state government-funded institutions, the revised pay scales will require adoption by the respective state governments. In money terms, teachers can expect their salary to go up by anything between Rs 10,000 to Rs 50,000. HRD Minister Prakash Javadekar said that the decision has been taken to attract good talent to academics and also as a sense of justice for all the teachers who are now in the profession.
Earlier in June, in a bonanza to 48 lakh central government employees, the Union Cabinet on Wednesday approved recommendations of 7th Central Pay Commission with 34 modifications which will impose an additional annual burden of Rs 30,748 crores on the exchequer.
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"With this decision, the government has done justice to the lakhs of teachers".
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